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Compare Forex Brokers GFT Forex And Saxo Bank


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Subjective Ratings

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GFT Forex

Saxo Bank

Charting: Four star Charting Rating Five star Charting Rating
Execution: Four and Half star Execution Rating Four and Half star Execution Rating
Transaction costs (spreads): Four and Half star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Three star User-friendliness Rating Five star User-friendliness Rating
Platform Functionality: Five star Platform Functionality Rating Five star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Five star Platform Reliability Rating
Customer support: Four star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Four and Half star Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four and Half star Average Rating

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Business Details

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GFT Forex

Saxo Bank

 
Registered Business Name: Global Futures & Forex Ltd Saxo Bank
Broker Headquarters: Michigan, USA Copenhagen, Denmark
Also has offices in: Sydney, Dubai, Tokyo, London, Singapore, New York, Chicago London, Singapore, Tokyo
Regulated By: NFA Member (0279553)
FCM registered with CFTC
Saxo Bank is a fully regulated bank in Denmark.
In business since year:   1992
Broker Capital as of 11-2008 $73,808,315 Unknown
Client Account Segregation:   No
Collect Taxes on Earnings:   No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Not loaded
MethodDeposit FeeWithdrawal Fee
Credit Card 1.8% - 2.5% 1.8% - 2.5%
Debit Card $0 $0
Wire Transfer Bank Fees Bank Fees
Main liquidity providers: Unknown Top tier-1 banks

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Trading Details

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GFT Forex

Saxo Bank

 
Browser platform: DealBookŪ WEB Saxo WebTrader
Downloadable platform: DealBookŪ 360 Saxo Trader
Mobile platform: DealBookŪ WEB Saxo WebTrader
Phone dealing: Yes Yes
Order processing: Straight-through Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Not loaded
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Saxo Premium 200:1* $100,000/unlimited 1,000/unlimited
Saxo 200:1* $10,000/unlimited 1,000/unlimited
Swap-free accounts   No swap-free accounts available   No swap-free accounts available
Tradeable Instruments: 125    8   
No Dealing Desk Execution: Yes Not available
Typical spread on EUR/USD:   2 pips (0.0002)
Fixed spreads: No No
Guaranteed stop losses?   All orders are executed at best available price.
Trailing Stops: Client-side Server-side
OCO orders available: Yes Yes
If/then orders available: Yes Yes
Hedging capability:   Yes - used margin is cleverly cancelled on hedged positions
Automated Trading: No No
Trading Hours:    
Timezone    
Scalping allowed:   Yes
Account currencies available: EUR, JPY, USD AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD
Platform languages: Arabic, Dutch, English, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Simplified Chinese, Spanish, Traditional Chinese English
Support languages: Arabic, Bengali, Cantonese, English, French, Greek, Gujarati, Hindi, Japanese, Kannada, Korean, Mandarin, Punjabi, Russian, Spanish, Turkish English
Demo account: 30 days 20 days
Live chat support: Yes Available to real account holders.
Interest on Margin: No No, On Net Free Equity
Promotions & tournaments:   None

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